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Everything posted by stat
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Thanks a lot of the link. Capital income falls under which chapter in the Thai law? I do not know It is mentioned previous tax year only. In addition as is mentioned in the new law all other laws are null and void if I remember correctly; IMHO this could imply that also a potential tax exemption in the LTR is void. However I hope you are in the right on this subject, but just can't read it out of the laws.
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You can use cash withdrawal at the counter with BKK Bank without any 220 Baht charge. Check with your CC company some demand a 2% mark up. You can withdraw 500K baht if your bank allows it per day. Also work with yellow bank Krungsri but only for mastercard. Drawdown they make a copy of your passport so maybe a con in regards to 100% identification regarding the new law. If your name is Joe Miller on credit card it will be more diificult to identify the correct Joe Miller.
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Fully agree. The RD is not capable of handling more than i guess 1000 tax declarations from foreigen countries. If I have to submit my 500 page broker tax declarations in englishor maybe my german bank tax declarations how are they going to process it? No way they have or can find the manpower. But maybe they decide then to tax every cent of my trading revenue as a profit... Current solution should be to receive only gifts from abroad donated via a used credit card only applicable for guys that do not use the visa that demands foreigen remittances.
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Good post! In my case Germany, TH has the right to tax the pension but they are currently not doing it so basically all germans receive their pension free. If you do not transfer your pension to TH that should be free also. So basically your appartment gets paid by a friend or relative from abroad and you should be fairly safe. But currently we are all in the dark. This will go back and forth for months to come and the baht will slide ,so in the end we could be profitting from this law ????
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Your days in Thailand are easily trackable as you get an entry and exit stamp and all your data is in the immigration system the moment you get your passport back. Regarding the withdrawals I agree they should be difficult to track in the forseeable future. However in a country like Germany they will sue you for taxes up tp 15 years in arrears. So if they come up with a working Information exchange in the next 15 years there might a problem.
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My bet would be you the saga will go as follows: You owe 1 Million and did not pay so we have a nice cell waiting for you or you could pay 500K tea money + 1Million you owe + 1 Million for new visa. Apparently the thai baht is already suffering from this "great" idea that farangs should pay more tax in Thailand.